The New York Times yesterday published a chilling description of how Venezuela's democracy sputtered and died:
Venezuela, by the numbers, resembles a country hit by civil war.
Its economy, once Latin America’s richest, is estimated to have shrunk by 10 percent in 2016, more than Syria’s. Its inflation that year has been estimated as high as 720 percent, nearly double that of second-ranked South Sudan, rendering its currency nearly worthless.
In a country with the world’s largest proven oil reserves, food has grown so scarce that three in four citizens reported involuntary weight loss, averaging 19 pounds in a year.
Venezuela’s crisis came through a series of steps whose progression is clear in retrospect, and some of which initially proved popular.
The entire article is worth reading. Not that it could happen here, right? No, of course not.